Plan Snapshot
- Plan Sponsor: Monmouth University, INC.
- Sponsor EIN: 210634584
- Sponsor Address: 400 CEDAR AVENUE, WEST LONG BRANCH, NJ, 077641898
- Plan Type: 403(b)
- Total Participants: 966
- Total Assets: $359.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 966 | $359.0M | $5.2M | $6.2M |
| 2023 | 871 | $337.2M | $5.3M | $6.5M |
| 2022 | 907 | $306.9M | $5.3M | $6.4M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| TIAA | NONE | $185,125 | — | $185,125 |
| EQUITABLE FINANCIAL LIFE INSURANCE | NONE | $865 | $65,338 | $66,203 |
| CAP FINANCIAL PARTNERS, LLC | NONE | $57,641 | — | $57,641 |
| COHNREZNICK LLP | NONE | $17,325 | — | $17,325 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — NONE
- EQUITABLE FINANCIAL LIFE INSURANCE — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $326,294
- Estimated Expense Ratio: 0.091% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $264,526 | $57,641 | $5,708 | $17,325 | — |
| 2023 | $243,829 | $53,881 | $1,934 | $33,575 | — |
| 2022 | $225,278 | $40,036 | — | — | $23,100 |